05/20/2012

How Much Is My Silver Worth

Antique Silver Whats It Worth?. Almost daily I get emails and phone calls from readers asking what a particular silver item they have is worth. Many are surprised at how complicated valuing an item of silver can be. I liken it to valuing a car, it will depend on its age,condition and maker amongst several other things.


Age.


Silver values increase with age of manufacture. There are many reasons for this but the obvious one is rarity. The older the item the more likely they will have been made by hand individually by a craftsman. Silversmiths served apprenticeships of many years and developed techniques of manufacture based around hand tools. Modern silver is often machine produced in part or whole and hence can be produced for much lower costs. Age affects styles, many periods of our history are linked to trends and fashion. If you read an earlier post on Silver Styles you will see there many different influences throughout the years.


Condition


This is vital in valuing an individual piece. Most Antique Silver Items were produced as utensils or utility pieces, they had a function in the home which could still be fulfilled today if in good working condition. You may see a gorgeous pierced silver sugar basin for sale but if it does not come complete with its glass liner it will be of no use to your breakfast table or collection. Having said that Silver as a metal is soft, antique silver will most certainly have been handled by staff over the years and are bound to have a few knocks and marks received from use over the years. It would be almost impossible to purchase an antique silver item without some wear and tear.


Maker


Just as a modern day Mercedes is worth more than a Ford so individual Silversmiths influence greatly an items value. Many Silversmiths specialised in producing highly crafted and decorated pieces which required many days and weeks of work. This skilled labour did not come cheap and hence individual silver items from highly skilled craftsmen cost more. As fashions grew in popularity so did the influence of individual Silversmiths. Those who produced items for the rich and wealthy built up reputations which have survived the years. Many collectors will only seek out and purchase silver made by their favorite Silversmith. This means there is a huge market demand for a limited number of pieces hence prices rise dramatically for their work compared to others. Hester Bateman Paul Store and many others have huge followings today of collectors prepared to pay a premium for their work.


Weight


Similar to my car analogy Silver also has a value as scrap metal. Unlike your modern motor car Silver has a scrap value as a precious metal and is still used today in many manufacturing industries. This means that your heavy antique silver items such as salvers or trays can increase in value as scrap metal prices rise. In the current financial markets with recession and financial uncertainty precious metal prices for Gold and Silver always rise.


The WOW Factor


I know, you will not see this term in any reference book but it is true of all collectors and buyers of antique silver. If you look at a piece for the first time and think WOW I want that then it has the WOW factor and its value just increased as you will not be alone in wanting to buy it.


Availability


Market forces fluctuate greatly, currently scrap silver metal prices are high. Many dealers and sellers are choosing to sell items for scrap and pocket the profit. This is short term gain which can disrupt the market prices. It can also make certain items much more scarce on the open market. For example flatware such as spoons and forks are usually a good weight of silver. These are frequently scrapped when prices are high. This means eventually they become more scarce and prices therefore go up.


What will someone actually pay


The acid test incorporating all of the points above is what will some one actually pay to buy the item. Now there are a number of simple tests you can make to value your own item of antique silver for free.


If you use ebay, or even if you do not they have a good search facility called Completed Listings. If you search completed listings for antique silver you see a wide selection of antique silver items which have sold and what was paid for them. It also shows those not purchased with prices which is a good way of testing the ebay market place for prices.


You would also be wise to visit a local reputable auction house. They will be willing to give you a free appraisal of what they think they will be able to achieve at an auction for you for your item. They do however expect to charge you a commission fee upon a successful sale and the commission charge also attracts tax. Some auction houses also have a habit of taking their time in sending out your cheque!


You can also choose to sell direct to a dealer. Now bear in mind that any antique dealer has to make a profit. They have overheads like any business and are not buying your item to collect but purely to resell. They will consider all of the above based on what the think they can sell the item for. They will then deduct a percentage for profit and costs and value the item accordingly and make you an offer. This price will be nowhere near the prices displayed on their pieces for sale as a result.


So what seemed like a simple question , whats it worth is far from simple in reality. Always seek expert advice and do as much research as you can before you decide to sell but also be realistic.


If you found this article useful do bookmark the site and visit us again.Please feel free to comment in the box below, its good to get feedback.


You can view our antique silver items on ebay or our antique silver for sale website. You may also find our Silver Makers Marks website a useful reference.

Buy Antique Silver And Save The Planet

Antique Silver is the most planet friendly way of furnishing our homes. It is the original recycling! Antique Silver can be bought either at auctions, fairs, shops, markets or online.There is no greater or greener fun than finding antique silver for your home or a great unique antique silver gift for that special occasion or person online. When giving the gift of antique silver you are sure that you are giving them something with value, history, quality and integrity.
 
When compared to buying a new silver gift it does not use up scarce resources and is the original form of recycling. It is the only way for "Guilt Free shopping". Antique Silver items are still around today due to the quality of their manufacture. Ancient skills have been combined with years of craftmanship by Silversmiths to produce practical every day items which are still a pleasure to use today.
Antique silver should be used daily with pride.
Antique silver has benefits in that it can be used for its original purpose today. Antique Silver has already been handed down from generation to generation and therefore its carbon footprint has long gone and can become your own family heirloom of the future.
Another major credential of antique silver is its value as an investment. At times of financial unrest precious metal prices always rise as will any investment in antique silver.
What is seldom understood by many today is how well antique silver fits in with todays modern lifestyle. With imagination and flair modern couples today can create a dining environment totally unique and "eco friendly".
In todays environmental and financial crisis buying antique silver will be the guilt free solution to that perfect investment or gift.
Visit our antique silver website to see how you can help to save the planet today. (well almost).

Collecting Antique Silver

Antique silver collecting is often more about taste than it is about value. To collect antique silver you first need to have a passion for silver. This will then greatly lead you into a period or style you wish to collect.

Many periods through our history have produced very distinctive styles.

The Queen Anne period from 1702 to 1714 saw a minimalist style in design but much decoration in the form of armorials,crests and motifs.

Baroque is classed as the period from the 17th Century to the 18th Century. It is distinctive for its grand heavy forms,bulbous and often with abundant decoration with elaborate carving and often rich gilding. This period is usually associated with Louis XI, Charles II and William & Mary.

Rococo is credited to the early to mid 18th century. Once again very decorative works with engraved rustic scenes and light gilding.

The late 1700's into the early 1800's saw the influence of North America into Federal designs. Most famous Silversmith for these designs was Paul Revere.

The Victorian Period is very popular among collectors today. From 1837 until 1901 Queen Victoria presided over the growth of the British Empire and wealth creation on a grand scale. This led to the rival of historical styles and extravagant ornamentation. It also saw the first volume production of silver items.

The Art Nouveau period ran between 1890 and 1915 and saw the move waay from the Victorian extravagance towards a more aymmetrical form with curving lines typically made famous by Liberty & Co and Tiffany.

The Art Deco Period followed from 1918 to the 1940's. Streamlined geometric forms with a strong Egyptian influence led to distinctive work from Christofle and Jensen.

The modern day period has been influenced by mass production with distinct work standing out from silversmiths such as Stuart Devlin.

Whatever style takes your fancy there are many factors to be considered by the collector not least of which will be price. Modern silver will be tomorrows antiques and therefore may be a wise starting point in any collecting career. Foe a wide selection of antiques silver and modern silver visit our silver2treasure store.

Scrap Silver Prices Affects Antique Silver

Many people are aware of the value of Gold as an investment but few realise how safe and secure antique silver is to invest in. The current value of silver scrap has meant that the value of antique silver items rises steeply as well as the selection offered for sale reduces as owners flock to sell treasured items off as scrap where it is melted down and lost forever.

The easiest item to scrap is silver flatware. Silver forks and silver spoons are usually heavy and easily achieve a high scrap value. This will mean locating antique silver flatware will become ever more difficult in the coming years. For those trying to build up a canteen of antique silver cutlery this task will soon become much more expensive. The good news is that as it gets more scarce its value will continue to grow.

Whilst the more common Silversmith items will be melted owners with any sense will hang onto the more collectable Silversmiths such as Hester Bateman and Paul Storr to name but two.

For those just starting out on their collecting career it is wise to learn about the various silver makers marks. These marks make it very easy to accurately identify the date of manufacture and by whom. This information is vital in dating and valuing antique silver.

With all the financial turmoil in the world today investing in antique silver makes more sense.

Georgian Silver Caddy Spoon

georgian-silver-caddy-spoon-IMG_1322Georgian Silver Caddy Spoon Hallmarks London 1802 by Moses Brent offered for sale by Silver2treasure.

Antique Georgian Sterling Silver Caddy Spoon. It is plain in design with a fiddle pattern handle which has a very faint Old English pattern to the back. It has a large balloon shape bowl. There is no Assay Office which was not always struck on old pieces but it can only be London in conjunction with the other marks which are very clear except for part of the "M" in the makers mark being a little rubbed.  3.5 inches long in total, the bowl being 1.75 inches long and 1.25 inches wide. It weighs 10g.

Overall it is in good condition with just a shallow pin prick ding in the bowl and some very light surface scratching which is only to be expected on a metal item but this is minor and commensurate with age and use. A very good antique Georgian 208 year old solid silver caddy spoon and a nice addition to any collection.

Priced at £119 in our ebay store with free UK postage.Click the BIG BLUE BUTTON to enter our store.

If you do not wish to purchase through ebay (and many of our existing customers do not) then email me direct to discuss your purchase requirements where we can discuss a small reduction in price.

Additional pictures, click any image twice to enlarge.